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Megaworld posts 11% profit growth in first quarter

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Andrew L. Tan-led Megaworld Corp. posted an 11.3% increase in net income attributable to the parent to P3.2 billion during the first three months of the year, it said in a statement issued Wednesday, May 9.

Megaworld generated revenues of P13.1 billion for the quarter, 70% of which or P8.8 billion came from the residential business. This showed a 6% jump from the P8.3-billion contribution it had in the same period in 2017. — Arra B. Francia





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